HK Electric lowers October fuel charge as CLP raises energy rate
Hong Kong’s HK Electric will reduce its fuel charge in October, while the city’s other supplier, CLP Power, will increase its energy price. HK Electric cited volatile international energy prices as customers on Hong Kong Island and Lamma Island prepare for the change.
HK Electric customers are set to pay less for electricity in October after the supplier cut its fuel charge for the first time in four months, the South China Morning Post reports. The company said its fuel-clause charge would fall by 1.4 Hong Kong cents to 59.3 cents per kilowatt hour. HK Electric mainly supplies Hong Kong Island and Lamma Island.
The supplier warned that international energy prices remained volatile. At the same time, CLP Power, Hong Kong’s other electricity supplier, will raise its energy prices next month. The supplied material does not give the size of CLP’s increase or the resulting overall bills for customers.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.